Close Brothers Limited

Business Summary

Services
retail banking
corporate banking
wealth management
securities trading
Products
savings accounts
time deposit accounts (0.50 - 0.80 %)
consumer loans
mortgage loans
business loans
invoice financing
leasing
Area Served
GBUnited Kingdom
DEGermany

Close Brothers Limited provides products and services in the areas of retail banking, corporate banking, wealth management, securities trading. The range of products offered by Close Brothers Limited includes savings accounts, time deposit accounts (0.50 - 0.80 %), consumer loans, mortgage loans, business loans, invoice financing, leasing.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Close Brothers Limited offers the following time deposit accounts.

Updated on 25 May 2020

Festgeld
Sales Region
DEGermany
Investment Amount
1 - 75,000 EUR
Interest Rate (p.a.)
0.50 - 0.80 %
Deposit Term
12 - 24 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.50 %
Max. Interest Rate (p.a.)
0.80 %
Min. Deposit Term
12 months
Max. Deposit Term
24 months
Min. Investment Amount
1 EUR
Max. Investment Amount
75,000 EUR
Interest Frequency
1 times a year

DEGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with Close Brothers Limited are covered by deposit guarantee scheme of the United Kingdom up to 85,000 GBP per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of the United Kingdom is not taxed. Interest gained on time deposit accounts by residents of the United Kingdom is taxed at 20.00% rate. When the interest is paid, this tax is automatically withhold by Close Brothers Limited from the time deposit account.

See Also

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by Close Brothers Limited are shown in the table below.

Updated on 25 May 2020

Sales Region
GBUnited Kingdom
Mortgage Term
1 - 5 years
Mortgage Amount
750,000 - 20,000,000 GBP
Max. LTV
70.00 %
Mortgage Loan Details
Currency
GBP
Min. Mortgage Amount
750,000 GBP
Max. Mortgage Amount
20,000,000 GBP
Min. Mortgage Term
1 year
Max. Mortgage Term
5 years
Max. LTV
70.00 %
Mortgage Loan Features

Commercial mortgage

Available to UK-based companies

GBUnited Kingdom: This product is offered to the United Kingdom's residents only. When clicking on the product link you will be redirected to the product page in English.

See Also

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